Quote from: mda on December 27, 2019, 07:52:13 PM

Quote from: ETFbitcoin on December 27, 2019, 06:58:47 PM

Quote from: Abiky on December 26, 2019, 10:33:08 PM

Bitcoin Cash still has a block time of 10 minutes, which is makes it terrible for micropayments.

To be fair, any cryptocurrency is terrible for micropayment unless it has very fast block time (e.g. 10 seconds). People and cashier don't want to wait 10 minutes (or even 30 seconds) to wait a transaction confirmed.

With 2-of-2 multisig address where both merchant and customer park the same amount fast block time isn't necessary, even 24 hours blocks will work just fine.

IMO it's not practical usage, besides if we bother use 2-of-2 multisig, we better using LN.

Quote from: gildarts456 on December 27, 2019, 08:22:49 PM

Quote

To be fair, any cryptocurrency is terrible for micropayment unless it has very fast block time (e.g. 10 seconds).

faster blocks just means they are easier to revert, and likely there will be competing blocks doing it accidentally given a small window to propagate the new block.

no matter the block time, what counts is accumulated work on top of the block for the cost backing its finality

True, i've seen few altcoin with very fast block time have very high rate of orphan/stale block. But i was strictly talking about making micropayment more practical.

Quote from: HannaWho on December 27, 2019, 09:06:24 PM

But yet small enough to be able to fully sync the blockchain in 1-3 days.

Only if you live in 1st world country with decent hardware